What is important when selecting a mortgage lender?
It is important to take into consideration the following items when selecting a mortgage lender:
- Interest Rate & Annual Percentage Rate
- Monthly payment and term
- Total amount of closing costs
- Upfront appraisal costs
- Servicing of loan
- Ability to approve loan and close on time
- Knowledgeable Loan Officer
- Communication with Loan Officer during and after the loan closes
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